Archive
Stand Up To Wall Street Today
Today is the big day: thousands of people will march on Wall Street this afternoon to protest big bank abuses. After watching Wall Street stack the economic deck against, well, just about everybody, it's time for reform. Big Banks secured the most generous bailout in...
Unfree Markets: The Last Gasp of a (Literally) Bankrupt Ideology
What we've been witnessing in Washington isn't just political positioning by one party looking to deny the other a victory, although it's certainly that. We're also seeing the death struggle of a dying ideology. This ideology provided intellectual cover to business...
Lies, Damned Lies and Employers
Don Blankenship, the man ultimately in charge of Massey Energy's West Virginia mine where 29 workers died in an explosion April 5, assured financial analysts last week that safety is paramount in his operation. Massey, the country's fourth largest mining company,...
Orwellian Obstruction: Republicans on Financial Reform
Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are betting against. Blocking financial reform is, not surprisingly, financially...
Race & Reality, Pt. 1
Tim Wise says what I was thinking a few weeks ago: What if the tea party was black? Let’s play a game, shall we? The name of the game is called “Imagine.” The way it’s played is simple: we’ll envision recent happenings in the news, but...
China's Stimulus Payoff
Yesterday I compared China's stimulus plan with our own. China made a major investment in public infrastructure but a key strategic part of that was that they focused on developing strategic industries. For example, because China's government has invested heavily...
Progressive Breakfast: How Many More Filibusters?
GOP Opposition To Wall Street Reform Begins To Crack GOP filibusters again, trying to further weaken consumer protections. W. Post: "Despite the continued blockade, several Republicans acknowledged that they will probably allow formal debate to begin soon. But they...
Progressive Breakfast - 4/28/2010
GOP Opposition To Wall Street Reform Begins To Crack GOP filibusters again, trying to further weaken consumer protections. W. Post: "Despite the continued blockade, several Republicans acknowledged that they will probably allow formal debate to begin soon. But they...
Wall Street's Meltdown and Wealth's Maldistribution
The Great Recession, new research shows, has left wealth in the United States even more concentrated at America's economic summit. Average American households have been riding an economic roller coaster over the last quarter century. The stock market has boomed and...
Liveblogging The Goldman Sachs Hearing
10:00 Goldman Sachs CEO Lloyd Blankfein won't appear before Levin's committee until this afternoon, but his written testimony is here: http://hsgac.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=c5099cfc-f6f9-41cb-ad11-aac3dab82fe0 So is that of...
